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Family Law Myth 6: Pre-nups are not worth the paper they are written on

MYTH: Pre-nups are not worth the paper they are written on

REALITY: Although pre-nuptial agreements are not automatically binding, the Courts will consider their relevance in the overall circumstances of a case and they can be a compelling factor in determining the financial outcome of a divorce. Pre-nups are becoming increasingly popular and are particularly relevant when protecting someone’s pre-acquired wealth. They are becoming increasingly recognised by the Court, providing they have been properly entered into, with both parties having access to independent legal advice and material financial information. As such, it is essential that proper advice is sought and pre-nups are drawn up by a legal professional.

Please get in touch with the Family team for more information or advice.

 

These notes have been prepared for the purpose of articles only. They should not be regarded as a substitute for taking legal advice

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